3131 N Central Ave #5021PhoenixAZ85012
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 3131 N Central Ave #5021, Phoenix, AZ, 85012 in Phoenix the bet is firmly on appreciation. Rental yield 4.32%. The 4.32% gross yield on a $546,600 price is below income-first thresholds, but 5%/yr value growth projects $151,016 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.80) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $93,305.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 6.2% |
| Monthly Cash Flow | $(1,797) | $450 |
City averages based on Phoenix market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,967 |
| Total Monthly Debt Service | $3,547 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 2024
1,186 sqft lot
$N/A/sqft
$533 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85012, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,166 (100%) |
| Owner Occupied HU | 1,760 (34.1%) |
| Renter Occupied HU | 2,836 (54.9%) |
| Vacant Housing Units | 570 (11.0%) |
| Median Home Value | $782,907 |
| Average Home Value | $827,563 |
Housing Distribution
Address Breakdown
Residential
5,419
Single Family
1,628
Multi-Family
3,791
Businesses
1,048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Apartment
Built in 2024
1,186 sqft lot
$N/A/sqft
$533 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85012, Phoenix, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,166 (100%) |
| Owner Occupied HU | 1,760 (34.1%) |
| Renter Occupied HU | 2,836 (54.9%) |
| Vacant Housing Units | 570 (11.0%) |
| Median Home Value | $782,907 |
| Average Home Value | $827,563 |
Housing Distribution
Address Breakdown
Residential
5,419
Single Family
1,628
Multi-Family
3,791
Businesses
1,048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marilyn Cavanaugh • The Agency
Mls Name: ARMLS
Mls Provider:
Mls ID: #6608702
Disclaimer: All information should be verified by the recipient and none is guaranteed as accurate by ARMLS Listing Information presented by local MLS brokerage: Zillow, Inc., Designated REALTOR- Chris Long - (480) 907-1010